The Globe and Mail reports in its Wednesday edition that Desjardins analyst Michael Parkin has lowered his rating on Detour Gold ($13.73) to "hold" from "top pick." The Globe's Darcy Keith, Jody White and Tim Shufelt write in the Eye On Equities column that Mr. Parkin made the rating change as a result of the stock more than tripling this year. While Mr. Parkin expects Detour Gold to post good operational improvements over the next few quarters, its shares are now trading at a premium to its peer group average. The stock is now trading at an enterprise value of about 8.9 times forward EBITDA, "which we believe is relatively expensive given Detour has a sole producing asset in a ramp-up phase," says Mr. Parkin. He raised his price target on Detour's stock to $15.50 from $15. The analyst consensus price target for Detour over the next year is $12.91. Mr. Parkin cut Detour to "hold" from "buy" in the Eye column on Jan. 23. The shares were then worth $6.06. Mr. Parkin upgraded Detour to "top pick" from "buy" in the Eye column on Feb. 7. The shares could then be had for $7.01. Raymond James analyst Phil Russo rated the shares "strong buy" in the Eye column on June 6, when it could be had for $11.36.